Define the minimum and maximum stock levels for each SKU based on your forecasts and desired inventory levels. Assign a default supplier and set the initial stock quantity for each SKU. Once these attributes are updated, the system will start providing valuable insights and automated recommendations.
Step-by-step guide
Supplier Assignment: Assign a default supplier for each inventory SKU, enabling the system to automatically place replenishment orders when stock is low. You can update suppliers individually or apply changes in bulk to save time.
Stock Quantities: Input your current stock levels when setting up the system, either by importing from an existing inventory system or conducting a physical stock count. This ensures the software reflects accurate quantities.
Min/Max Stock Levels: Establish minimum and maximum stock thresholds to automate replenishment processes. When stock falls below the minimum level, the system will trigger a low-stock alert, and suggest the quantity needed to reach your defined maximum level.
Batch Ordering Considerations: For some suppliers, products may need to be ordered in specific batch sizes (e.g., mugs in sets of 50). The system will account for these when recommending replenishment quantities, ensuring alignment with supplier requirements.
Here's an overview of how the system automates replenishment and stock management:
Min/Max Stock Alerts: As quantities decrease, the system will alert you when stock is low and recommend quantities for replenishment based on your configured settings.
Batch Quantities: The system automatically adjusts replenishment orders according to the batch size required by your suppliers, ensuring you meet their minimum order quantities.
Audit Tracking: The system also tracks existing purchase orders to prevent duplicate orders and manage ongoing stock audits effectively.
Additionally, the software tracks historical updates, shows who made inventory changes and offers detailed SKU history, helping you monitor when stock levels were adjusted and why. It also integrates with GelatoConnect’s procurement system, automating stock updates when orders are received or fulfilled.
Advanced Insights and Stock Management
Inventory Value: The system calculates the total value of your current inventory based on purchase prices, giving you a comprehensive view of what’s in stock.
Overstock Insights: Automated reports highlight items that are overstocked, enabling you to optimize inventory levels and reduce unnecessary storage costs.
Analytics Integration: All data is aggregated and presented in the procurement analytics dashboard, giving you a detailed view of your inventory and purchase operations.
For a detailed walkthrough, check out our video guide:
Next Step:
📝 Not what you needed?
Help us improve this article, send us an email to [email protected] — please include the article title.